News Details
Force India’s Fernley slams CVC for milking F1
Force India's Fernley slams CVC for milking F1 14 March, 2013 A senior Force India team member has lashed out at Formula 1′s owner CVC, accusing the private equity firm of not being interested in developing the sport and in fact milking it for profit.
The financial news agency Bloomberg quoted deputy team boss Bob Fernley as saying new deals that give more money and power to the bigger teams are a 'disaster'.
'CVC is not interested in developing the sport, it's interested in making as much money as possible and then selling it,' he said. 'The income split doesn't support Formula 1.'
Many of Formula 1′s smallest teams are struggling, and former Renault boss Flavio Briatore told...
Full Story »
Full Story »
12y ago from YallaF1.com
0
You May Also Be Interested In...
F1 owner CVC not interested in developing sport
Force India has lashed out at F1's owner CVC, accusing the private equity...
12y ago from GrandPrix.com
Sutil 'ticked every box'
Force India deputy team principal Bob Fernley insists Adrian Sutil...
12y ago from PlanetF1.com
Force India: Sutil has learned from year out
Force India deputy team principal Bob Fernley says he feels that Adrian...
12y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu eyes 2027 regulations ahead of...
Toprak Razgatlioglu is already looking ahead to the 2027 MotoGP...
17h ago from MotorsportWeek.c...
Honda test rider Takaaki Nakagami to replace Luca...
Honda test rider Takaaki Nakagami has been announced as a replacement for...
1d ago from MotorsportWeek.c...
Pirelli to hold first MotoGP test in Misano with test...
No description available...
2d ago from Motorsport.com
Watch: Motorsport takes a ride in the MotoGP safety car
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Nolan Siegel apologizes for profanity-filled radio rant
Arrow McLaren driver Nolan Siegel has apologized for what he said over...
7h ago from MotorsportWeek.c...
IndyCar breaks 1 million US TV viewers for third...
The NTT IndyCar Series is nearly through the first year with its new...
1d ago from MotorsportWeek.c...
Christian Rasmussen "not surprised" to earn...
No description available...
1d ago from Motorsport.com
After first oval win, does Kyle Kirkwood see himself...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
11h ago from MotorsportWeek.c...
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
5d ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
How Arsenal’s summer transfer window is reshaping...
For each of the last three summer transfer windows, critics, fans, and...
4h ago from FreshArsenal.com
Supercomputer predicts where Arsenal, Liverpool,...
A supercomputer has predicted how the Premier League table will look at...
7h ago from SportsKeeda.com
'Arteta made it clear…': Journalist confirms...
Benjamin Sesko has been linked with a move to the Premier League in recent...
10h ago from CaughtOffside.com
Local media confirms Arsenal and Man United among main...
RB Leipzig playmaker Xavi Simons has been linked with a move away from the...
9h ago from CaughtOffside.com
Comments
Hottest News
F1 Recap - Verstappen drives in secret Aston Martin test as...
'Franz Hermann' - AKA F1 champion Max Verstappen... Read More »
6h ago from GPFans.com
Formula 1 announces contract extension with Canadian Grand...
Just days after last Sunday's Montreal race,... Read More »
1h ago from F1Technical.net
Aston Martin recruits ex-Adrian Newey colleague to bolster...
Aston Martin has recruited a former Red Bull... Read More »
16h ago from MotorsportWeek.com
